By Susanna Moon
Chicago, June 29 – HSBC USA Inc. priced $687,000 of 0% buffered Accelerated Market Participation Securities due June 30, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 18%.
Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond 10%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered Accelerated Market Participation Securities
|
Underlying fund: Energy Select Sector SPDR fund
|
Amount: | $687,000
|
Maturity: | June 30, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any fund gain, capped at 18%; par if fund declines by 10% or less; exposure to any losses beyond 10%
|
Initial level: | $75.83
|
Pricing date: | June 25
|
Settlement date: | June 30
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.5%
|
Cusip: | 40433BZ50
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.